{"id":86705,"date":"2018-04-28T13:00:09","date_gmt":"2018-04-28T06:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-retirement-villages-live-up-to-the-glossy-hype\/"},"modified":"2018-04-28T13:03:49","modified_gmt":"2018-04-28T06:03:49","slug":"do-retirement-villages-live-up-to-the-glossy-hype","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-retirement-villages-live-up-to-the-glossy-hype\/","title":{"rendered":"Do retirement villages live up to the glossy hype?"},"content":{"rendered":"


\nThe brochures promise a \u2018first class\u2019 lifestyle, but buying there may not make sense financiallyDenise Eede\u2019s parents were among the pioneers of a new form of housing when they bought a flat in Britain\u2019s first privately owned US-style retirement community, a 28-acre complex outside a leafy Surrey village. Her parents loved their life there \u2013 their two-bed flat was all the space they needed, and they enjoyed the full range of activities on offer. They had no complaints about the operators, Retirement Villages. But Eede\u2019s problem is how to sell the flat \u2013 in a market where only the over-60s can buy, where no lettings are allowed, where the service charge is more than \u00a34,000 a year and where, crucially, every time a property is sold, the management company takes up to 12.5% of the sale price.Eede has redecorated the flat, which has now been on the open market for more than a year. She has been forced to cut the price from \u00a3185,000 to \u00a3140,000, which is well below the current average value of a flat in the village of Cranleigh: \u00a3260,000 according to Zoopla. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Do retirement villages live up to the glossy hype?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The brochures promise a \u2018first class\u2019 lifestyle, but buying there may not make sense financiallyDenise...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-86705","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-myt","jetpack-related-posts":[{"id":160696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-wants-63-of-retirement-flat-sale-price\/","url_meta":{"origin":86705,"position":0},"title":"Developer wants 63% of retirement flat sale price","date":"September 9, 2025","format":false,"excerpt":"\r My widowed sister-in-law has dementia and we need to sell to fund her care home, but the charges seem excessiveThe sheltered housing provider Anchor is taking more than 60% of my widowed sister-in-law\u2019s nest egg, which she needs to fund her care home.She and her late husband bought a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-had-to-sell-my-fathers-retirement-flat-at-less-than-half-price-and-that-took-six-years\/","url_meta":{"origin":86705,"position":1},"title":"I had to sell my father\u2019s retirement flat at less than half price \u2013 and that took six years","date":"February 4, 2025","format":false,"excerpt":"\r While we were waiting an age for a sale, keeping it cost us \u00a34,000 a yearIt has taken me six years to sell my father\u2019s retirement flat for less than half of what he paid for it. For most of that time we have had to pay annual service\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-provide-more-help-to-seniors-looking-to-unlock-flats-value\/","url_meta":{"origin":86705,"position":2},"title":"HDB to provide more help to seniors looking to unlock flat\u2019s value","date":"November 19, 2018","format":false,"excerpt":"\r More personalised information could soon be provided to help seniors make better retirement decisions, such as the estimated proceeds from the sale of their flats. Unlocking the value of one\u2019s HDB flat can prove to be a complex task, wrote National Development Minister Lawrence Wong in a blog post.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-brother-has-fallen-victim-to-the-retirement-home-transfer-fee-money-grab\/","url_meta":{"origin":86705,"position":3},"title":"My brother has fallen victim to the retirement home transfer fee money grab","date":"August 26, 2024","format":false,"excerpt":"\r He and others continue to be fleeced by an \u2018indefensible revenue stream\u2019 set up by freeholdersIn 2022 my brother bought a flat in a retirement complex built by McCarthy Stone. A year later he had to move to a care home because of cognitive difficulties, and I am now\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-flat-was-161950-in-2007-now-im-offered-just-28000\/","url_meta":{"origin":86705,"position":4},"title":"'My flat was \u00a3161,950 in 2007 \u2013 now I'm offered just \u00a328,000'","date":"November 16, 2019","format":false,"excerpt":"\r Some apartments from Britain\u2019s biggest retirement builder have dived in value due to hefty chargesWhen Tony Cross\u2019s father was the first buyer at a McCarthy & Stone retirement development in Folkestone, Kent, he thought he was getting a bargain. 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